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8587 W Silver Lake Rd 9,425 SF 100% Leased Retail Building Mears, MI 49436 $3,765,200 CAD ($399.49 CAD/SF)

Investment Highlights
- Longstanding retail presence in the Silver Lake area since the 1940s.
- Located directly across from Silver Lake State Park boat launch.
- Recent improvements and environmental assessments (2017) support long-term value.
- High foot traffic area adjacent to campgrounds, shopping, and amusement attractions.
- Includes two substantial storage barns for inventory or additional uses.
Executive Summary
This established retail property offers a rare opportunity in the heart of the Silver Lake recreational district. Known as the Parkside Store, this business has been a cornerstone of the area since the 1940s and is strategically situated across from Silver Lake State Park’s boat launch. The property benefits from robust pedestrian traffic generated by surrounding campgrounds, shopping areas, and the amusement district, making it a high-exposure location during the vibrant tourist season.
The offering includes a spacious 5,500-square-foot retail building with a second-floor storage and office area, supplemented by two large storage barns measuring approximately 40’ x 32’ and 60’ x 30’. The store’s historical use as a community hub for groceries, deli, beverages, clothing, and general goods positions this property for continued retail success or potential adaptive reuse. Significant upgrades in recent years, combined with Phase I and II environmental site assessments, contribute to long-term operational confidence.
This is an outstanding opportunity to own a multi-faceted retail site within an active destination market known for outdoor recreation and tourism-based commerce.
The offering includes a spacious 5,500-square-foot retail building with a second-floor storage and office area, supplemented by two large storage barns measuring approximately 40’ x 32’ and 60’ x 30’. The store’s historical use as a community hub for groceries, deli, beverages, clothing, and general goods positions this property for continued retail success or potential adaptive reuse. Significant upgrades in recent years, combined with Phase I and II environmental site assessments, contribute to long-term operational confidence.
This is an outstanding opportunity to own a multi-faceted retail site within an active destination market known for outdoor recreation and tourism-based commerce.
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Freestanding
Building Size
9,425 SF
Building Class
B
Year Built
1940
Price
$3,765,200 CAD
Price Per SF
$399.49 CAD
Percent Leased
100%
Building Height
2 Stories
Loading Docks
2 Exterior
Building FAR
0.07
Lot Size
3.00 AC
Frontage
250’ on Silver Lake Rd
Somewhat walkable
20/100
Exceptionally drivable
100/100
Moderately bikeable
60/100
Property Taxes
| Parcel Number | 006-180-001-50 | Improvements Assessment | $263,280 CAD |
| Land Assessment | $214,261 CAD | Total Assessment | $477,541 CAD |
Property Taxes
Parcel Number
006-180-001-50
Land Assessment
$214,261 CAD
Improvements Assessment
$263,280 CAD
Total Assessment
$477,541 CAD
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8587 W Silver Lake Rd
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